Matolcsy says Széll Kálmán plan well received in Austria

MTI – Econews

Thursday, March 3, 2011, 17:05

The most important structural measures contained in the government's Széll Kálmán debt-reduction plan announced on Tuesday have been well received in Austria, National Economy Minister György Matolcsy told MTI.

The minister spoke to the newswire after familiarizing Austria's finance minister, officials from the Austrian Industrial Alliance and Austrian bank officials with the details of the plan in Vienna.

Matolcsy denied reports in the online news portal Hírszerző that the government plans to fix a Hungarian forint-Swiss franc exchange rate at which CHF-denominated loans could be repaid.

Related articles

The following editorial is from today's print edition of the Budapest Business Journal: As the school year begins, it’s heartening to see officials taking up education policy. Unfortunately, we worry that some of their efforts involve the government overstepping its role, with poor results.

The left-wing opposition alliance has filed a criminal report against an unknown perpetrator for insider trading. Levente Pápa said the left-wing Unity coalition suspects former economy minister György Matolcsy told Goldman Sachs bankers of an IMF loan that had yet to be announced...

Hungary’s central bank, as well as the government, needs a cautious, conservative policy, National Bank of Hungary governor György Matolcsy said today at a forum organized by the American Chamber of Commerce...

The forint continued its slide against the world’s currencies to close last week; analysts cite the ongoing “easing cycle” and reduction to the MNB’s base rate as causes, while at least one opposition MP blames the sitting government and MNB governor György Matolcsy...

National Bank of Hungary (MNB) governor György Matolcsy yesterday called for the resignation of European Commissioner for Economic and Monetary Affairs Olli Rehn due to what Matolcsy labeled “the European Union’s faulty economic policy...”

Hungary has been omitted from the list of European Union member states which will receive a maximum of 95% of financing from the EU for development projects, having been removed from a measure designed to assist six nations in its top-support group...

Economists at the Royal Bank in Scotland now reckon the National Bank of Hungary (MNB) will continue breaking records for all-time low base rate. Analysis released yesterday figures five more rate cuts of 20 bp are yet to come...

The National Bank of Hungary (MNB) can continue its easing cycle as long as the rate of inflation continues to fall, MNB governor György Matolcsy said yesterday; earlier, he touted the Funding for Growth scheme for SMEs as certain to gain momentum next year...